Mullen Automotive (NASDAQ:MULN) Sets New 1-Year Low – What’s Next?

Mullen Automotive, Inc. (NASDAQ:MULN)’s share price hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $9.51 and last traded at $9.90, with a volume of 130931 shares changing hands. The stock had previously closed at $11.82.

Mullen Automotive Stock Down 16.2 %

The stock has a 50 day moving average of $41.43 and a 200-day moving average of $530.36.

Institutional Investors Weigh In On Mullen Automotive

An institutional investor recently bought a new position in Mullen Automotive stock. Virtu Financial LLC acquired a new stake in Mullen Automotive, Inc. (NASDAQ:MULN) during the third quarter, according to its most recent 13F filing with the SEC. The fund acquired 18,728 shares of the company’s stock, valued at approximately $59,000. Virtu Financial LLC owned 0.34% of Mullen Automotive as of its most recent filing with the SEC. 11.71% of the stock is owned by institutional investors.

Mullen Automotive Company Profile

Mullen Automotive, Inc, an electric vehicle company, manufactures, sells, and distributes electric vehicles. Its products include passenger electric vehicles and commercial vehicles; and provides solid-state polymer battery technology. The company is headquartered in Brea, California.